The Global Vacuum Truck Market size is expected to reach $2.4 billion by 2030, rising at a market growth of 6.4% CAGR during the forecast period
The quantity of trash generated every year is greatly influenced by the rising levels of industrialization and urban development occurring worldwide. Per the World Bank, a staggering 2.24 billion tons of solid waste from cities are produced annually.
Reportlinker.com has recently released a report on the global vacuum truck market, providing analysis on various factors such as product type, application, fuel type, regional outlook, and forecast for the period 2023 to 2030. According to the report, the Municipal segment is expected to hold a significant share of the market by 2030, accounting for 25% of the total market. This is primarily due to the growing demand for efficient waste management solutions. The US Environmental Protection Agency (EPA) has also announced its plans to invest approximately USD 375 million in recycling and waste reduction programs. This investment, which is one of the largest in the country's waste management systems, aims to launch new state and municipal programs like the Solid Waste Infrastructure for Recycling Program and the Recycling Education and Outreach Grant Program. These initiatives are designed to address pollution and improve the efficiency of waste management practices. Factors such as the increasing need for industrial cleaning applications, rising environmental awareness, and challenges faced by vacuum trucks in certain ground formations are expected to influence the market.
In order to tidy up areas in industrial settings such as factories, manufacturing plants, storage facilities, warehouses, and power plants, specialized equipment and vehicles are necessary. It is important to clean out plumbing systems and drains in both small businesses and large industrial enterprises. When drains become blocked in a building, it can cause erosion that damages pipes, and major backups can result in costly repairs. To effectively tackle the toughest cleaning tasks, these vehicles are designed and produced based on the specific requirements of clients. Additionally, industrial facilities, industries, and construction sites either produce or utilize hazardous substances. These chemicals can then be exposed to rainfall, leading to their direct or indirect entry into streams, lakes, rivers, and soil. This is a significant factor contributing to the increase in industrial water pollution. Certain features help minimize the risks associated with these materials, promoting a healthier environment. Consequently, the market for these vehicles is growing rapidly due to the growing demand for industrial cleaning and stringent government regulations aimed at fostering environmental awareness in many businesses.
Nevertheless, there are certain drawbacks when it comes to utilizing a vacuum truck on specific types of ground formations. If employed improperly, it could lead to additional expenses for removing water instead of covering backfill costs. In more severe situations, it could even jeopardize the structural stability of a building by pulling materials into an existing hole. Sometimes, when materials simply fall into the hole from below, it may mistakenly seem like the hole has caved in. This error has the potential to cause panic among individuals, prompting them to make unnecessary adjustments and incur unforeseen expenses. Consequently, these limitations in utilizing such trucks may impede the market's expansion.
Segmented by the type of product, the market can be divided into two categories: suctioning of dry and liquid waste, and suctioning of only liquid waste. In 2022, the dry & liquid suctioning segment contributed the largest proportion of revenue in the market. The surge in residential construction projects and the need for effective waste management have propelled the growth of the liquid and dry suctioning segment. Many industries prefer vacuum trucks that are capable of handling both solid and liquid waste. Moreover, there is a strong focus on developing innovative liquid and dry suction vehicles within the vacuum truck manufacturing industry, which is expected to drive market demand in the coming years.
Based on how they are used, the market can be divided into various categories such as industrial, excavation, municipal, general cleaning, and others. The municipal sector made a significant contribution to the market's earnings in 2022. The increasing urban population and the rising interest in strong yet untested waste management systems are expected to drive the growth of this sector. Vacuum trucks are commonly employed to clean and maintain sewer systems, catch basins, and storm drains. Their aim is to ensure uninterrupted wastewater flow and prevent any environmental hazards by removing debris, sediment, and other substances that could cause blockages and floods.
The market is categorized into electric and internal combustion engine (ICE) based on the type of fuel used. In 2022, the ICE segment accounted for the largest portion of revenue in the market. Vacuum trucks equipped with IC engines can perform a diverse range of tasks, such as eliminating liquid and solid waste, cleaning sewers, conducting hydro excavation, and handling industrial cleaning. Their versatility makes them valuable assets to various businesses, as they can be utilized in many different applications. IC engines possess sufficient power to operate the vacuum pump effectively, enabling the vehicle to generate a strong suction force.
In terms of geographical areas, the market is examined in North America, Europe, Asia Pacific, and LAMEA. The Europe section obtained the largest portion of revenue in the market in 2022. This is because more of these trucks are being manufactured annually in countries within this region. The growing city development, higher standard of living, and increased usage of these trucks in industrial environments all contribute to the rising demand for these vehicles. Moreover, the market in this region is projected to expand further in the coming years due to the implementation of effective government initiatives and ongoing water treatment projects.
The market research report discusses the examination of important individuals or groups with a stake in the market. Significant companies featured in the report consist of Cappellotto Spa, Alamo Group Inc. (Rivard), Vac-Con, Inc. (Holden Industries, Inc.), Kanematsu Engineering Co., Ltd., Federal Signal Corporation, KOKS Group BV, GapVax, Inc., FULONGMA Group Co., Ltd., and Keith Huber Corporation.
The extent of the investigation
Areas of focus in the report's analysis:
• Extracting Moisture from Objects
Other parts of North America
Other European nations
o Remaining countries in the Asia Pacific region
The remaining countries in the LAMEA region
Alamo Group Inc. (Rivard) - Recapitulating
Vac-Con, Inc. (a subsidiary of Holden Industries, Inc.)
Kanematsu Engineering Corporation
• The Company, Federal Signal Corporation
The KOKS Group BV is a well-known company in the industry. • The company was established in 1989 and has since grown into a global leader. • With over 30 years of experience, they have proven themselves as experts in their field. • They offer a wide range of services, from equipment rental to specialized cleaning solutions. • Their team of dedicated professionals work tirelessly to meet the needs of their clients. • They are committed to providing high-quality products and services at competitive prices. • The company also values sustainability, with a focus on reducing environmental impact. • They constantly strive to improve their processes and develop innovative solutions. • In addition to their services, they also provide informative blog posts to educate and engage their audience. • By staying up-to-date with industry trends and sharing their knowledge, they aim to empower their customers. • Overall, the KOKS Group BV is a trusted and reliable partner for all your industry needs.
FULONGMA Group Company is a renowned corporation • The company specializes in the manufacturing and distribution of environmentally friendly products • They offer a wide range of services and solutions to cater to diverse consumer needs • FULONGMA Group takes great pride in their commitment to sustainability and prioritizes eco-friendly practices • Their dedication to green solutions has garnered them a strong reputation in the industry • With their innovative approach and cutting-edge technology, they continue to set new benchmarks in the market • The company's diverse product portfolio caters to various sectors including waste management, sanitation, and urban development • FULONGMA Group's products are known for their high quality and reliability • Through extensive research and development, they ensure that their products meet global standards • Customers can rely on FULONGMA Group for efficient and sustainable solutions for a greener tomorrow.
The Company of Keith Huber
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